SMB vs BSMQ

Comparison between VANECK SHORT MUNI ETF (SMB, ETF) and INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF (BSMQ, ETF).

5-Year PerformanceSMB has outperformed BSMQ, delivering a return of +1.2% compared to +0.3%

SMB vs BSMQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMB(ETF)	BSMQ(ETF)
Net Assets	$305M	$304M
Expense Ratio	0.07%	0.18%
Max Drawdown	12.64%	13.32%
Sharpe Ratio	0.11	-0.56
5Y Beta	0.00	0.02
5Y Dividends CAGR	13.74%	14.20%

Net Assets

Winner

SMB

$305M

BSMQ

$304M

Expense Ratio

Winner

SMB

0.07%

BSMQ

0.18%

Max Drawdown

Winner

SMB

12.64%

BSMQ

13.32%

Sharpe Ratio

Winner

SMB

0.11

BSMQ

-0.56

5Y Beta

Winner

SMB

0.00

BSMQ

0.02

5Y Dividends CAGR

SMB

13.74%

Winner

BSMQ

14.20%

SMB vs BSMQ - Historical Returns

Returns include dividend reinvestment.

Period	SMB	BSMQ
1 month	+0.58%	+0.11%
3 months	+0.32%	+0.09%
6 months	+1.37%	+1.11%
1 year	+3.78%	+2.78%
5 years(CAGR)	+1.19%	+0.29%
10 years(CAGR)	+1.55%	N/A
Max(CAGR)	+2.04%	+1.17%

Winner

SMB

+0.58%

BSMQ

+0.11%

Winner

SMB

+0.32%

BSMQ

+0.09%

Winner

SMB

+1.37%

BSMQ

+1.11%

Winner

SMB

+3.78%

BSMQ

+2.78%

5Y(CAGR)

Winner

SMB

+1.19%

BSMQ

+0.29%

10Y(CAGR)

SMB

+1.55%

BSMQ

N/A

Max(CAGR)

Winner

SMB

+2.04%

BSMQ

+1.17%

SMB vs BSMQ - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	SMB	BSMQ
2026	+0.55%	+0.79%
2025	+4.55%	+2.81%
2024	+2.47%	+2.05%
2023	+3.14%	+3.36%
2022	-4.35%	-7.56%
2021	+0.06%	+0.85%
2020	+3.36%	+5.15%
2019	+4.48%	+0.24%
2018	+1.75%	N/A
2017	+0.69%	N/A
2016	-0.39%	N/A
2015	+1.20%	N/A
2014	+1.09%	N/A
2013	+0.53%	N/A
2012	+1.47%	N/A
2011	+5.37%	N/A
2010	+1.32%	N/A
2009	+7.86%	N/A
2008	+2.14%	N/A

SMB vs BSMQ Drawdown Comparison

The maximum drawdown for SMB was -12.64%, occurring on Mar 19, 2020. Recovery took 65 trading sessions.

The maximum drawdown for BSMQ was -13.18%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The current SMB drawdown is -0.19%. The current BSMQ drawdown is -0.11%.

Rank	SMB	BSMQ
#1	-12.64% Mar 9, 2020 - Jun 10, 2020	-13.18% Mar 9, 2020 - Nov 19, 2020
#2	-7.48% Jul 20, 2021 - Aug 20, 2024	-11.50% Jul 19, 2021 - Dec 31, 2025
#3	-5.58% Sep 11, 2008 - Jan 6, 2009	-1.99% Feb 11, 2021 - Jun 8, 2021
#4	-4.11% Aug 26, 2010 - May 17, 2011	-0.87% Oct 21, 2019 - Dec 3, 2019
#5	-4.10% Aug 2, 2016 - Aug 4, 2017	-0.81% Jun 11, 2021 - Jul 19, 2021
#6	-4.07% May 1, 2013 - Feb 14, 2014	-0.37% Jan 31, 2020 - Feb 18, 2020
#7	-3.84% Jan 29, 2009 - May 22, 2009	-0.31% Jan 5, 2021 - Jan 25, 2021
#8	-2.46% Aug 30, 2017 - Dec 24, 2018	-0.25% Mar 5, 2026 - Apr 2, 2026
#9	-2.37% Apr 10, 2008 - Aug 12, 2008	-0.24% Mar 2, 2020 - Mar 9, 2020
#10	-1.96% Oct 2, 2009 - Nov 27, 2009	-0.24% May 13, 2026 - May 29, 2026
#11	-1.80% Feb 28, 2025 - May 23, 2025	-0.24% Apr 9, 2026 - May 13, 2026
#12	-1.79% Feb 5, 2015 - Oct 16, 2015	-0.23% Jan 26, 2026 - Feb 24, 2026
#13	-1.62% May 22, 2009 - Jul 13, 2009	-0.20% Dec 13, 2019 - Jan 2, 2020
#14	-1.53% Jan 8, 2009 - Jan 12, 2009	-0.17% Nov 30, 2020 - Dec 7, 2020
#15	-1.49% Mar 12, 2010 - May 26, 2010	-0.16% Nov 24, 2020 - Nov 30, 2020

Correlation

Correlation between SMB and BSMQ is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2008 - 2026)

SMB vs BSMQ dividend yield comparison.

Year	SMB	BSMQ
2026	1.13%	1.16%
2025	2.63%	2.74%
2024	2.38%	2.75%
2023	1.83%	2.47%
2022	1.32%	1.60%
2021	1.24%	1.14%
2020	1.50%	1.57%
2019	1.58%	0.44%
2018	1.49%	0.00%
2017	1.23%	0.00%
2016	1.12%	0.00%
2015	1.13%	0.00%
2014	1.21%	0.00%
2013	1.38%	0.00%
2012	1.64%	0.00%
2011	1.93%	0.00%
2010	2.40%	0.00%
2009	2.38%	0.00%
2008	2.34%	0.00%